Natural gas consumption and economic growth: evidence from selected natural gas vehicle markets in Europe

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dc.contributor.authorFadiran, Gideon
dc.contributor.authorAdebusuyi, Adebisi T.
dc.contributor.authorFadiran, David
dc.date.accessioned2019-01-23T12:12:50Z
dc.date.available2019-01-23T12:12:50Z
dc.date.issued2018-12-10
dc.description.abstractIn this study, the relationship between natural gas consumption (NGC) and economic growth is examined. Twelve (12) countries in Europe are considered, 10 of which make up the top natural gas vehicle (NGV) markets in Europe. The study considers four main variables in this exercise, namely; gross fixed capital formation, labour force, trade openness, and real GDP. It makes use of panel cointegration analysis and long-run vector error correction model analysis in assessing both the short-run and the long-run relationship dynamics between NGC and economic growth. The results show that a long-run impact of NGC on economic growth does indeed exist. In the short run, however, this does not seem to be the case. The results also suggest the existence of the growth hypothesis in Austria, Bulgaria and Switzerland, while the United Kingdom (UK) and Italy support the conservation hypothesis.en
dc.description.statusPeer revieweden
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationFadiran, G., Adebusuyi, A. T. and Fadiran, D. (2019) 'Natural gas consumption and economic growth: Evidence from selected natural gas vehicle markets in Europe', Energy, 169, pp. 467-477. doi: 10.1016/j.energy.2018.12.040en
dc.identifier.doi10.1016/j.energy.2018.12.040
dc.identifier.endpage477en
dc.identifier.issn0360-5442
dc.identifier.issued169en
dc.identifier.journaltitleEnergyen
dc.identifier.startpage467en
dc.identifier.urihttps://hdl.handle.net/10468/7349
dc.language.isoenen
dc.publisherElsevieren
dc.relation.urihttp://www.sciencedirect.com/science/article/pii/S036054421832406X
dc.rights© 2018 Elsevier Ltd. All rights reserved. This manuscript version is made available under the CC-BY-NC-ND 4.0 licenseen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectNatural gas consumptionen
dc.subjectEconomic growthen
dc.subjectPanel data analysisen
dc.subjectNatural gas vehicle marketsen
dc.titleNatural gas consumption and economic growth: evidence from selected natural gas vehicle markets in Europeen
dc.typeArticle (peer-reviewed)en
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